Electric Power Sports Market Analysis

  • Report ID: 6787
  • Published Date: Dec 05, 2024
  • Report Format: PDF, PPT

Electric Power Sports Market Analysis

Application (Recreational Riding, Racing, Utility Work, Adventure Sports, Touring)

In electric power sports market, recreational riding segment is projected to account for revenue share of around 34.7% by 2037. As more people tend to seek interest in outdoor adventures, recreational activities such as electric dirt biking, off-road riding, and electric snowmobiling have garnered considerable interest. In addition, electric power sports offer great solutions for consumers inclined towards sustainable alternatives over traditional recreational vehicles. For instance, in December 2023, Toyota announced the sale of its brand-new Crown Sport Plug-in Hybrid Electric Vehicle (PHEV) model. This model in the Crown lineup is intended to improve the fun, sporty driving experience. Thus, the alignment of consumer preference with sustainable innovations assists in the expansion of recreational riding in the market.

Vehicle Type (Electric Motorcycles, Electric ATVs, Electric Snowmobiles, Electric Bicycles, Electric Scooters)

The electric motorcycle segment is projected to garner significant growth traction in the electric power sports market during the forecasted timeline. Electric motorcycles have gained much attention due to their ability to deliver impressive performance characteristics, such as rapid acceleration and enhanced torque, similar to traditional gasoline-powered models. Furthermore, the growing sense of sustainability coupled with reduced carbon emissions is further promoting interest in electric motorcycles. For instance, in February 2024, Revolt introduced the 150-kilometer-range RV400 BRZ electric motorcycle. Its long-range capability makes it more useful and appealing to users looking for sustainable and effective urban commuting options. Thus, the motorcycle segment will continue to evolve and render choices to consumers seeking performance, sustainability, and convenience.

Our in-depth analysis of the global market includes the following segments:

Application

  • Recreational Riding
  • Racing
  • Utility Work
  • Adventure Sports
  • Touring

Vehicle Type

  • Electric Motorcycles
  • Electric ATVs
  • Electric Snowmobiles
  • Electric Bicycles
  • Electric Scooters

Power Source

  • Battery Powered
  • Hybrid System
  • Solar Powered

End use

  • Personal Use
  • Commercial Use
  • Sports Events
  • Rental Services
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Author Credits:  Saima Khursheed


  • Report ID: 6787
  • Published Date: Dec 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the electric power sports market was estimated at over USD 2.7 billion.

The market size of the electric power sports market is projected to cross USD 9.5 billion by the end of 2037 expanding at a CAGR of 11.1% during the forecast period i.e., between 2025-2037.

The major players in the market are Polaris Inc., Damon Motors Inc., Intimidator UTV, Alke, Greenworks Commercial, Harley-Davidson Inc., and others.

Based on application, the recreational riding segment is anticipated to garner the largest market share of 34.7% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 44.2% by the end of 2037 and provide more business opportunities in the future.
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